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Saudi expands licensing in mineral sector
- Saudi Arabia: Saturday, October 17 - 2009 at 11:04
A report from the Ministry of Petroleum and Mineral Resources in Saudi Arabia has shown an earning of SR14.5bn through exploitation of various minerals, and profits amounted to SR5.4bn, Gulf News has cited. Investments in Saudi Arabia's mineral sector were reported to have reached an estimated SR50bn. A total of 488 licences issued in the mineral sector in 2008, including 269 licences renewed. A total of 192 licences were issued for quarries of building materials, 49 for survey, 14 for exploration, 5 for quarries of raw materials, and 9 for small mines.
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Medilyn Manibo, Assistant News EditorSaturday, October 17 - 2009 at 11:04 UAE local time (GMT+4)
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